Reference is made to our announcements dated 29 August 2025, 4 September 2025 and 29 April, 2026 on the subject matter ("the Announcements"). The abbreviation used in this announcement shall have the same meaning as defined in the Announcements/SPA.

The Board of CCB wishes to announce that the Vendor's solicitors have, on 26 August 2026, issued a written notice to the Purchaser's solicitors in relation to certain outstanding payment obligations under the SPA dated 29 August 2025, as follows:

1.      the Vendor's solicitors have not received the outstanding balance Purchase Price of RM222,731,592.01, comprising the following: 

(a)     the first Balance Purchase Price less the Reinstatement Deposit, of RM170,088,859.51;

(b)     bank charges of RM6.50; and

(c)     the Infra Work Retention Sum of RM52,642,726.00,

together with the Late Payment Interest of RM1,513,354.33, calculated on RM222,731,585.50 for the period from 27 July 2026 to 26 August 2026,

which was due and payable on 26 August 2026.

2.      the Vendor has also not received the reimbursement of the Vendor's costs and expenses incurred for the construction of fibre path 2 and 6% SST, amounting to RM3,180,000.00, which was due on 28 July 2026 and remains outstanding as at 26 August 2026, plus the Late Payment Interest thereon as at 26 August 2026 in the              sum of RM20,212.60, calculated on RM3,180,000.00 for the period from 29 July 2026 to 26 August 2026.

The failure by the Purchaser to pay the aforesaid sums constitutes non-payment and/or breaches of the SPA.

In the same written notice, the Vendor requires the Purchaser to remedy the aforesaid defaults by paying:

(a)     the outstanding balance Purchase Price of RM222,731,592.01, together with Late Payment Interest of RM1,513,354.33 up to 26 August 2026 and further Late Payment Interest accruing from 27 August 2026 up to and including the date of payment; and

(b)     the outstanding Reimbursement Sum of RM3,180,000.00, together with Late Payment Interest of RM20,212.60 up to 26 August 2026 and further Late Payment Interest accruing from 27 August 2026 up to and including the date of payment,

within fourteen (14) days from 27 August 2026.

The total principal amount outstanding as at 26 August 2026 is RM225,911,592.01, excluding late payment interest.

If the Purchaser fails to remedy the aforesaid defaults within the stipulated fourteen (14)-day period, the Vendor shall be entitled, without prejudice to its other rights under the SPA to terminate the SPA in its entirety.

The Company will make further announcements as and when there are material developments in relation thereto.

This announcement is dated 27 August 2026